MARK MCCORMACK PROPERTIES LIMITED
💤Zombieactive
NI054535 · ltd · incorporated 2005-04-05
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
£248.2k
book net assets
Opportunity
69/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Special-situation opportunityDistressed property with salvageable qualities — special-situations priority.
Opportunity 69/100 (strong), bankability 60/100. Strong seller-intent signal (65/100, director aged 58). Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
8 live charges · oldest 20.6y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 20.6 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (68/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 1 with DOB)
77
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
Network not yet resolved
30
Filing history
51 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
50
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
64
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £248,181
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£248k
↑ 12% YoY
Current Assets
£14k
↓ 80% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Total assets | £269.3k | £442.8k |
| Current assets | £13.9k | £69.9k |
| Net assets | £248.2k | £222.1k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
- 2026-01-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-01-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-01-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-04-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-04-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-04-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-01-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-01-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-01-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-01-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-04-11📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-01-28📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-04-22📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-01-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-04-08📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-01-31📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2013-03-19🔒Charge registered #8Lender: Ulster Bank Limited
- 2013-03-19🔒Charge registered #7Lender: Ulster Bank Limited
- 2013-03-19🔒Charge registered #6Lender: Ulster Bank Limited
- 2008-04-23🔒Charge registered #5Lender: Ulster Bank Limited
- 2006-03-10🔒Charge registered #4Lender: Ulster Bank Limited
- 2006-03-10🔒Charge registered #3Lender: Ulster Bank Limited
- 2006-02-27🔒Charge registered #2Lender: Ulster Bank Limited
- 2005-10-07🔒Charge registered #1Lender: Ulster Bank Limited
- 2005-04-06➖KANE, Dorothy May resignedsecretary
- 2005-04-05🏢Company incorporatedAs MARK MCCORMACK PROPERTIES LIMITED
- 2005-04-05➕HAIDE, Samantha appointedsecretary
- 2005-04-05➕MARK, Mccormack appointeddirector
- 2005-04-05➕KANE, Dorothy May appointedsecretary
Owner dependency
100/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder name in company name: Company name contains director surname "MARK" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
Succession & seller-readiness
80/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 21 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high · 1 lowConfirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-04-19
8 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Similar companies
Active · Property · BT postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BROAD ENTERPRISES LIMITED→ NI024814 · est 1990 | £2.12M £1.80M–£2.43M | — | £2.12M | — | 35y | 83 | 64y |
| BALLYMONEY HILL ESTATES LTD→ NI049964 · est 2004 | £776.0k £659.6k–£892.4k | — | £776.0k | — | 22y | 83 | 70y |
| CATHERWOOD ESTATES (BELFAST) LIMITED→ NI005465 · est 1963 | £361.5k £307.3k–£415.8k | — | £361.5k | — | 63y | 83 | 64y |
| CARLISLE ROAD PROPERTIES LIMITED→ NI056605 · est 2005 | £333.2k £283.2k–£383.2k | — | £333.2k | — | 20y | 83 | 86y |
| BALLINAMALLARD ENTERPRISE COMPANY LIMITED→ NI034886 · est 1998 | £236.5k £201.0k–£271.9k | — | £236.5k | — | 27y | 83 | 86y |
| CASTLE DEVELOPMENTS (LISBURN) LIMITED→ NI064226 · est 2007 | £208.9k £177.6k–£240.2k | — | £208.9k | — | 19y | 83 | 61y |
| COAGH & DISTRICT DEVELOPMENT ASSOCIATION LIMITED→ NI030106 · est 1995 | £205.6k £174.8k–£236.5k | — | £205.6k | — | 30y | 83 | 74y |
| BESSBROOK DEVELOPMENT COMPANY LIMITED→ NI027239 · est 1993 | £158.2k £134.5k–£182.0k | — | £158.2k | — | 33y | 83 | 94y |
| DERG VALLEY PROPERTIES LIMITED→ NI046303 · est 2003 | £145.5k £123.6k–£167.3k | — | £145.5k | — | 23y | 83 | 75y |
| ANTRIM COUNTY INVESTMENT MANAGERS LIMITED→ NI020714 · est 1987 | £141.8k £120.5k–£163.0k | — | £141.8k | — | 38y | 83 | 78y |
| CLOGHER VALLEY PROPERTIES LIMITED→ NI029266 · est 1995 | £106.5k £90.5k–£122.4k | — | £106.5k | — | 31y | 83 | 77y |
| DESERTMARTIN COMMUNITY DEVELOPMENTS LTD→ NI038420 · est 2000 | £56.8k £48.3k–£65.3k | — | £56.8k | — | 26y | 83 | 84y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.
Available from the Pro tier upwards.
See pricing →🔒Advanced scoring suite
Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.
Available from the Pro tier upwards.
See pricing →Company details
Statusactive
Typeltd
Incorporated2005-04-05
Jurisdictionnorthern-ireland
Primary SIC68100 — Buying and selling of own real estate
Registered office
22 Drumcraig Road
Magheramason
Londonderry
BT47 2SE
Filing status
Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-04-19OVERDUE
Last: 2025-04-05
Officers (2 active · 1 resigned)
Active
MARK, Mccormack→
Activedirector · ~58y · appointed 2005-04-05
View their other companies + combined net worth →
KANE, Dorothy May→
Resignedsecretary · appointed 2005-04-05 · resigned 2005-04-06
Click a director name to see their full track record across all companies.
Mortgages & charges
8
Total charges
8
Outstanding
1
Active lenders
Status:Lender:8 of 8 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | NatWest Group Ulster Bank Limited | Mortgage and charge | 1 property | 19/03/2013 | — | |
| outstanding | NatWest Group Ulster Bank Limited | Mortgage and charge | 1 property | 19/03/2013 | — | |
| outstanding | NatWest Group Ulster Bank Limited | Mortgage and charge | 1 property | 19/03/2013 | — | |
| outstanding | NatWest Group Ulster Bank Limited | Mortgage or charge | 1 property | 23/04/2008 | — | |
| outstanding | NatWest Group Ulster Bank Limited | Solicitors letter of undertaking | 1 property | 10/03/2006 | — | |
| outstanding | NatWest Group Ulster Bank Limited | Solicitors letter of undertaking | 1 property | 10/03/2006 | — | |
| outstanding | NatWest Group Ulster Bank Limited | Debenture | 1 property | 27/02/2006 | — | |
| outstanding | NatWest Group Ulster Bank Limited | Solicitors letter of undertaking | 1 property | 07/10/2005 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (51 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-21
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-19
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-30
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-11
accounts-with-accounts-type-micro-entity
accounts · AA
2022-04-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-12
accounts-with-accounts-type-micro-entity
accounts · AA
2021-04-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-15
accounts-with-accounts-type-micro-entity
accounts · AA
2020-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-04-11
accounts-with-accounts-type-micro-entity
accounts · AA
2019-01-31